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BSNL Has No Plans for an IPO, Says Government

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[by Cerius Shah] As per this report on Rediff, BSNL has no plans for an IPO anytime soon. A government statement on Thursday stated that the government and ministry would internally discuss the same before making a decision. We had previously covered an announcement by BSNL stating they would sell 10% stake, which at their current valuation of $100 billion, would raise Rs 40,000 crores, to fund an expansion.

Jan 17, 2008 1:41 PM ET

Posted In: Companies, BSNL

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